GITNUX MARKETDATA REPORT 2024

The Most Surprising Automation Industry Statistics in 2024

With sources from: grandviewresearch.com, marketsandmarkets.com, marketresearchfuture.com, marketresearch.com and many more

In this post, we will explore the dynamic landscape of the automation industry through a statistical lens. From projected market growth to key industry trends and technological advancements, these statistics offer a comprehensive overview of the industrial automation sector’s present state and future prospects.

Statistic 1

"The industrial automation market is expected to grow at a CAGR of 8.9% from 2023 to 2030."

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Statistic 2

"The industrial IoT (IIoT) market size was valued at USD 77 billion in 2022 and is expected to grow at a CAGR of 23.6%."

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Statistic 3

"By 2025, smart manufacturing technology investments could reach USD 300 billion."

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Statistic 4

"By 2027, the industrial automation market is projected to reach USD 265 billion."

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Statistic 5

"In 2021, the Asia-Pacific region held over 40% of the industrial automation market share."

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Statistic 6

"The global industrial automation market size was valued at USD 168.81 billion in 2022."

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Statistic 7

"In 2022, about 70% of industrial companies had some form of AI/ML technology deployed in their operations."

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Statistic 8

"The automotive industry is the largest end-user of industrial automation, constituting about 20% of the market share in 2021."

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Statistic 9

"The industrial robotics market is anticipated to grow at a CAGR of 14.1% from 2023 to 2030."

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Statistic 10

"The global market for factory automation estimated at USD 188 billion in the year 2022."

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Statistic 11

"The global process automation market is estimated to reach USD 142 billion by 2025."

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Statistic 12

"North America accounted for approximately 26% of the global industrial automation market in 2021."

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Statistic 13

"Up to 30% reduction in operational costs can be achieved through the implementation of industrial automation solutions."

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Statistic 14

"Over 73% of manufacturers planned to increase their automation budget in 2023."

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Statistic 15

"In 2022, about 60% of manufacturing firms had invested in AI technologies for automation."

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Statistic 16

"By 2030, it is estimated that around 3.5 million industrial robot units will be operational globally."

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Statistic 17

"The robotics segment of the automation industry was valued at USD 39 billion in 2022."

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Statistic 18

"85% of businesses believe automation will help in scaling their production and operations."

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Statistic 19

"Over 50% of all manufacturing tasks could be automated with current technologies."

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Statistic 20

"The software segment in the industrial automation market is projected to grow at a CAGR of 10.3% from 2023 to 2030."

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Interpretation

The statistics presented underscore the rapid growth and widespread adoption of automation technologies within the industrial sector. Projections indicate significant expansion in market size, particularly for industrial automation, IIoT, smart manufacturing, and robotics segments. Key trends include increasing investments in AI/ML technologies, a focus on cost reduction and operational efficiency, as well as a strong belief in the scalability benefits offered by automation solutions. With a substantial portion of tasks deemed automatable, coupled with the anticipated rise in industrial robot units deployed globally, it is evident that automation is set to revolutionize the industry landscape in the coming years.

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